Press Release

South Korea Contact Lenses Market to be Dominated by the Rising Incidences of Refractive Errors Through 2028.

Increasing incidences of refractive errors such as myopia, presbyopia and hypermetropia are expected to drive the growth of South Korea Contact Lenses market in the forecast period 2024-2028.


According to TechSci Research report, South Korea Contact Lenses Market – By Region, Competition, Forecast & Opportunities, 2018-2028F, South Korea Contact Lenses market is anticipated to grow at a steady rate in the forecast period 2024-2028. This can be ascribed to the rising incidences of refractive disorders and the growing geriatric population.

Additionally, the popularity of e-commerce and online retail is making it easier for consumers in South Korea to purchase contact lenses, driving the growth of the market.

Furthermore, the growth is influenced by the entry of new players, manufacturing contact lenses. These emerging players could be emerging startups, established companies expanding their product lines, or international brands seeking to enter the market.

The market's expansion is impeded by the increasing popularity of laser eye surgery, aging population, price sensitivity, stringent regulations, and limited access to eye care. Laser eye surgery is becoming increasingly popular in South Korea, and some people are choosing this option over contact lenses. Because people prefer contact lenses over prescription lenses. the market expansion will be constrained by these factors over the forecast period.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "South Korea Contact Lenses Market"

 

The South Korea Contact Lenses Market can be segmented by modality, by design, by material type, by application, by distribution channel, and by region.

The South Korea Contact Lenses Market can be divided into Reusable and Disposable, based on modality. The disposable contact lenses will acquire the largest share in the forecast period, owing to the several advantages of disposable contact lenses over reusable contact lenses. Disposable contact lenses are a more convenient option for the population.

The South Korea contact lenses market is divided into Silicone Hydrogel, Hydrogel, Gas Permeable, and Others based on the material type. Silicone hydrogel contact lenses are a type of soft contact lens that has become increasingly popular in recent years due to their high oxygen permeability and comfortable wear. South Korea is known for its strong focus on cosmetics, and silicone hydrogel lenses are available in a variety of colors and styles. This can make them appealing to wearers who want to enhance their natural eye color or change their appearance. However, contact lenses made of hydrogel material are less permeable to oxygen than silicon hydrogel and result in dryness because of water loss.

Based on application, the South Korea contact lens market may be further segmented into Corrective, Therapeutic, Cosmetic, and Others. Corrective contact lenses hold the greatest market share in South Korea contact lens market. With an increase in refractive error instances and a corresponding increase in the need for ophthalmic treatments to treat vision impairment issues, people are increasingly using contact lenses for corrective purposes. Cosmetic contact lenses are not meant to correct vision; instead, they are mostly used to alter the appearance (colour) of the eyes.


Major companies operating in South Korea Contact Lenses Market are:

  • Johnson & Johnson Korea Ltd.
  • Alcon Korea Ltd
  • Menicon Korea Co., Ltd.
  • EssilorLuxottica SA
  • HOYA LENS KOREA CO., LTD.
  • Geo Medical Contact Lens
  • Polytouch Contact Lens Co.
  • Belmore Contact Co., Ltd.
  • Dreamcon Co., Ltd.
  • G&G Contact Lens


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“The South Korea contact lens market is expected to expand significantly during the coming years. Due to the customer demand for online shopping, as well as the ease of obtaining contact lenses faster and for less money through e-commerce, this rapid increase is projected by the quickly expanding E-commerce. Additionally, the rise in refractive error cases and the use of cosmetic contact lenses to improve appearances, both contribute to the expansion of market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

South Korea Contact Lenses Market By Modality (Reusable v/s Disposable), By Design (Spherical, Toric, Multifocal, Others), By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Others), By Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution Channel (Retail Stores, Hospitals & Clinics, Online) Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of South Korea Contact Lenses Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in South Korea Contact Lenses Market.


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